Green Plains Stock Forecast
Green Plains stock upgraded to Hold/Accumulate.
(Updated on Apr 29, 2024)
The Green Plains stock price gained 1.59% on the last trading day (Monday, 29th Apr 2024), rising from $21.40 to $21.74. During the last trading day the stock fluctuated 1.96% from a day low at $21.39 to a day high of $21.81. The price has risen in 6 of the last 10 days and is up by 3.87% over the past 2 weeks. Volume fell on the last day by -78 thousand shares and in total, 652 thousand shares were bought and sold for approximately $14.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Green Plains stock with a 90% probability to be traded between $20.25 and $24.77 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GPRE Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Green Plains stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $21.81 and $21.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Green Plains stock
Green Plains finds support from accumulated volume at $20.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.420 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: $20.81 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (GPRE) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Green Plains to open at $21.65, and during the day (based on 14 day Average True Range), to move between $20.84 and $22.64, which gives a possible trading interval of +/-$0.90 (+/-4.14%) up or down from last closing price. If Green Plains takes out the full calculated possible swing range there will be an estimated 8.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.23 (2.25%) than the support at $20.93 (3.73%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Green Plains will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.310. We will update the financials statements for Green Plains, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.73% in the first trading day after earnings release.
Is Green Plains stock A Buy?
Green Plains holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.175 Hold/Accumulate Upgraded
Predicted Opening Price for Green Plains of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $21.65 ( 0.429%) | $21.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPRE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.07 | 1.50 % | |
| R2 | 21.91 | 0.765 % | ||
| R1 | 21.81 | 0.309 % | ||
| Current price: | 21.74 | |||
| Support | S1 | 21.49 | -1.17 % | |
| S2 | 21.39 | -1.62 % | ||
| S3 | 21.23 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.71 | 13.66 % | |
| R2 | 22.63 | 4.09 % | ||
| R1 | 22.23 | 2.25 % | ||
| Current price | 21.74 | |||
| Support | S1 | 20.93 | -3.73% | |
| S2 | 20.78 | -4.42% | ||
| S3 | 20.26 | -6.81% |
GPRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2019 | May 23, 2019 | Jun 14, 2019 | $0.120 | 1.00% |
| 2 | Feb 07, 2019 | Feb 21, 2019 | Mar 15, 2019 | $0.120 | 0.730% |
| 3 | Nov 14, 2018 | Nov 26, 2018 | Dec 14, 2018 | $0.120 | 0.83% |
| 4 | Aug 15, 2018 | Aug 24, 2018 | Sep 14, 2018 | $0.120 | 0.680% |
| 5 | May 09, 2018 | May 24, 2018 | Jun 15, 2018 | $0.120 | 0.593% |
FAQ
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